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A financial consultant has an average of seven customers he consults with each day; assume a Poisson distribution. The consultant's overhead requires that he consult with at least five customers per day for his fees expenses. Use the Excel Random Number Generation tool to generate 100 samples of the number of customers that the financial consultant will have on a daily basis. What percentage of these will meet his target of at least five? Use a seed of 1. cover his According to the simulation, the consultant will meet his target (Round to the nearest whole number as needed) of the time.

A financial consultant has an average of seven customers he consults with each day; assume a Poisson distribution. The consultant's overhead requires that he consult with at least five customers per day for his fees expenses. Use the Excel Random Number Generation tool to generate 100 samples of the number of customers that the financial consultant will have on a daily basis. What percentage of these will meet his target of at least five? Use a seed of 1. cover his According to the simulation, the consultant will meet his target (Round to the nearest whole number as needed) of the time.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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A financial consultant has an average of seven customers he consults with each day; assume a Poisson distribution. The consultant's overhead requires that he consult with at least five customers per day for his fees expenses. Use the Excel Random Number Generation tool to generate 100 samples of the number of customers that the financial consultant will have on a daily basis. What percentage of these will meet his target of at least five? Use a seed of 1. cover his According to the simulation, the consultant will meet his target (Round to the nearest whole number as needed.) of the time.
Transcribed Image Text:A financial consultant has an average of seven customers he consults with each day; assume a Poisson distribution. The consultant's overhead requires that he consult with at least five customers per day for his fees expenses. Use the Excel Random Number Generation tool to generate 100 samples of the number of customers that the financial consultant will have on a daily basis. What percentage of these will meet his target of at least five? Use a seed of 1. cover his According to the simulation, the consultant will meet his target (Round to the nearest whole number as needed.) of the time.
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